Greek stocks ended flat in the Athens Stock Exchange

Greek stocks ended flat in the Athens Stock Exchange on Thursday in thin trading conditions as investors remained sidelined on lack of fresh news in the market. The composite index eased 0.07 pct to end at 648.85 points, off the day’s highs of 654.61 points. The Large Cap index eased 0.26 pct and the Mid Cap index ended 0.33 pct lower. Turnover was a thin 32.138 million euros in volume of 38,930,762 shares.

Titan (2.34 pct), Aegean Airlines (1.84 pct) and Hellenic Exchanges (1.07 pct) scored the biggest percentage gains of the day among blue chip stocks, while Sarantis (2.49 pct), OPAP (2.28 pct) and OTE (1.47 pct) suffered heavy losses. Among market sectors, Construction (1.61 pct), Raw Materials (0.86 pct) and Financial Services (0.83 pct) scored big gains, while Travel (1.99 pct) and Telecoms (1.47 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 57 to 56 with another 25 issues unchanged. Pegasus (18.52 pct), Moda Bagno (14.74 pct), Progressive (13.33 pct) were top gainers, while Sato (14.58 pct), Ilyda (10 pct) and Evrofarma (9.84 pct) were top losers.

ADEX closing report

The March contract on the FTSE/ASE Large Cap index was trading at a premium of 0.50 pct in the Athens Derivatives Exchange on Thursday. Volume on the Big Cap index totaled 3,032 contracts with 8,977 open positions in the market. Volume in futures contracts on equities totaled 65,038 contracts with investment interest focusing on National Bank’s contracts (25,169), followed by Alpha Bank (3,123), Piraeus Bank (21,796), Eurobank (6,791), MIG (1,460), OTE (523), PPC (423), OPAP (842), Viohalco (156), Mytilineos (270), Hellenic Petroleum (507), Metka (126), GEK Terna (791), Ellaktor (1,458), Jumbo (237), Piraeus Port (421) and Terna Energy (724).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased slightly to 6.73 pct in the domestic electronic secondary bond market on Thursday, from 6.75 pct the previous day, with the Greek bond yielding 7.14 pct (7.11 pct on Wednesday) and the German Bund yielding 0.41 pct. There was no turnover in the market.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.111 pct, the nine-month rate was -0.172 pct, the six-month rate was -0.241 pct, the three-month rate was -0.328 pct and the one-month rate was-0.372 pct.